Wrapping up Q3 earnings, we look at the numbers and key takeaways for the specialized consumer services stocks, including Matthews (NASDAQ:MATW) and its peers.
Some consumer discretionary companies don’t fall neatly into a category because their products or services are unique. Although their offerings may be niche, these companies have often found more efficient or technology-enabled ways of doing or selling something that has existed for a while. Technology can be a double-edged sword, though, as it may lower the barriers to entry for new competitors and allow them to do serve customers better.
The 11 specialized consumer services stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 1.1% while next quarter’s revenue guidance was 2% below.
Thankfully, share prices of the companies have been resilient as they are up 6.9% on average since the latest earnings results.
Best Q3: Matthews (NASDAQ:MATW)
Originally a death care company, Matthews International (NASDAQ:MATW) is a diversified company offering ceremonial services, brand solutions and industrial technologies.Matthews reported revenues of $446.7 million, down 7% year on year. This print exceeded analysts’ expectations by 1.4%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Interestingly, the stock is up 22.1% since reporting and currently trades at $31.14.
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Carriage Services (NYSE:CSV)
Established in 1991, Carriage Services (NYSE:CSV) is a provider of funeral and cemetery services in the United States.Carriage Services reported revenues of $100.7 million, up 11.3% year on year, outperforming analysts’ expectations by 8.1%. The business had a very strong quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Carriage Services pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 24.3% since reporting. It currently trades at $40.60.
Slowest Q3: 1-800-FLOWERS (NASDAQ:FLWS)
Founded in 1976, 1-800-FLOWERS (NASDAQ:FLWS) is an online retailer of flowers, gifts, and gourmet foods, serving customers globally.1-800-FLOWERS reported revenues of $242.1 million, down 10% year on year, falling short of analysts’ expectations by 1.6%. It was a mixed quarter as it posted full-year EBITDA guidance topping analysts’ expectations.
Interestingly, the stock is up 8.4% since the results and currently trades at $8.66.
Pool (NASDAQ:POOL)
Founded in 1993 and headquartered in Louisiana, Pool (NASDAQ:POOL) is one of the largest wholesale distributors of swimming pool supplies, equipment, and related leisure products.Pool reported revenues of $1.43 billion, down 2.8% year on year. This result surpassed analysts’ expectations by 2.1%. It was a satisfactory quarter as it also produced a solid beat of analysts’ organic revenue estimates.
The stock is up 1.5% since reporting and currently trades at $356.01.
LKQ (NASDAQ:LKQ)
A global distributor of vehicle parts and accessories, LKQ (NASDAQ:LKQ) offers its customers a comprehensive selection of high-quality, affordably priced automobile products.LKQ reported revenues of $3.58 billion, flat year on year. This print missed analysts’ expectations by 1.9%. Aside from that, it was a mixed quarter as it also logged a decent beat of analysts’ adjusted operating income estimates but full-year EPS guidance missing analysts’ expectations.
LKQ had the weakest performance against analyst estimates among its peers. The stock is up 2.9% since reporting and currently trades at $38.85.
Market Update
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This content was originally published on Stock Story
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